There will be more high-rises in South Mumbai as developers are now permitted to use the transferable development rights (TDR) in Island city that will make redevelopment projects viable there.According to the Brihanmumbai Municipal Corporation (BMC) circular, developers had sought clarifications over the use of TDR from the state. “State government informed that the developers/promoters can use TDR in Island city up to 0.67 TDR against road set back, heritage, slum TDR,” a senior BMC official said.As per the circular, TDR has been given in proportion of returning land for widening road width. In cases of redevelopment, if the developer proposes to keep 9 metre and above, and less than 12.20 metre of road width, then the permissible TDR is 0.17 in the city and 0.50 TDR in suburban district. If road width is 12.20 metre and above and less than 18.30 metre, then allowed TDR is 0.37 here and 0.70 in suburbs. The cap is 0.67 TDR is in the Island city and 1.00 in Suburb if the road width is proposed 30 metre and above.Milind Samel, senior architect said the new TDR policy is a win-win for both developers and residents. “In Mumbai, there are more than 16,000 old buildings that urgently need to be redeveloped. With the additional TDR, more developers will take up projects. Now, undertaking redevelopment project in Island city will be more feasible for developers,” Samel said.Boman Irani, CMD at Rustomjee Group welcomed the state government decision. He said that the government should provide maximum incentives so that the redevelopment of the old and dilapidated buildings can takes place. “In South Mumbai, the sizes of plots are quite small so that the developers do not offer bigger size of houses to existing tenants/residences. And that became the deadlock for the redevelopment. Now, with the higher TDR, uploading in Island city will able to put the more floors in buildings,” Irani said.
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